JCOMP-FREEPIK THE PHILIPPINES is looking to offer dollar-denominated retail Treasury bonds (RTBs) in the second quarter, Finance Secretary Benjamin E. Diokno said. “There’s a lot of interest from London and Frankfurt. Even in Japan. What’s good about dollar-denominated is that even if the peso depreciates, you still win because of high interest and it’s tax […]
There are signs that inflation in February is slowing, according to the Philippine central bank. A store employee arranges packs of sugar in a supermarket in Quezon City in this undated file photo. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE BANGKO SENTRAL ng Pilipinas (BSP) will likely hike the benchmark rate again next month, with its […]
PHILIPPINE STAR/MIGUEL DE GUZMAN By Lourdes O. Pilar, Researcher THE ASSETS of the Philippines’ largest banks grew by nearly 10% in the fourth quarter of 2022, as economic activity continued to pick up. BusinessWorld’s latest quarterly banking report showed the combined assets of 45 universal and commercial banks (U/KBs) jumped by 9.4% to P22.51 trillion […]
Filipinos shop for clothes and toys in Divisoria, Manila in this undated file photo. — PHILIPPINE STAR/WALTER BOLLOZOS By Alyssa Nicole O. Tan, Reporter INDIAN COMPANIES are looking to further expand in the Philippines this year. Biocare Lifesciences, Inc. Managing Director Dileep Tiwari, who also heads the Indian Business Forum, said the company already distributes […]
THE Financial Action Task Force (FATF) kept the Philippines on its “gray list” of jurisdictions subjected to increased monitoring for “dirty money” risks, urging the country to address deficiencies “as soon as possible.” In a statement dated Feb. 24, the FATF said the Philippines should continue addressing its strategic deficiencies in combatting money laundering. The […]
By Revin Mikhael D. Ochave, Reporter MITSUBISHI Motors Philippines Corp. (MMPC) is eyeing a higher market share this year as the car manufacturer is banking on increased demand for its vehicles. Jack S. Ramirez, Jr., MMPC first vice-president for sales and marketing, said the company is aiming for a 16% market share by the end […]
By Justine Irish D. Tabile, Reporter GOKONGWEI-led JG Summit Holdings, Inc. expects its businesses to benefit from the full return of consumer mobility, the resumption of face-to-face classes and on-site work, and China’s reopening. “I think we will have a better year this year primarily because the economy continues to grow,” JG Summit President and […]
AYALA LAND, Inc. (ALI) is targeting to raise P60 billion this year through a bond offering and bank loans, its finance chief said, citing plans aimed at lowering the property developer’s financing costs. “It’s gonna be a very busy year for us,” said Augusto Cesar D. Bengzon, the company’s chief finance officer, in an interview […]
1 of 3 GLASS is one of the world’s most fascinating materials, enabling one to see through it, see it, and to see oneself in it. Glass is also the backbone of Gallotti & Radice, an Italian furniture brand. During the opening of their BGC showroom on Feb. 20, Silvia Gallotti, daughter of co-founder Pierangelo […]
PHILIPPINE STAR/ MICHAEL VARCAS A UNIT of Pangilinan-led Metro Pacific Tollways Corp. (MPTC) is setting aside P282.5 million to enhance its electronic toll collection and traffic management systems. In a press release, MPTC’s subsidiary NLEX Corp. said that the project includes the upgrade of various servers and the installation of new radio frequency identification (RFID) […]